The Gover­nor has no crys­tal ball to see Bri­tain’s for­tunes af­ter Brexit

The Daily Telegraph - - Letters To The Editor -

SIR – Mark Car­ney, the Gover­nor of the Bank of Eng­land, joins oth­ers in paint­ing a pic­ture of Armageddon in the event of there be­ing no set­tled agree­ment when Bri­tain ex­its the EU next March (re­port, Septem­ber 14).

It seems timely to re­mind folk that the coun­try did not be­gin to func­tion prop­erly only af­ter 1973, when we first signed up to the Euro­pean Com­mon Mar­ket. In­stead, his­tory tells us that we have a very long and proud his­tory of achieve­ment and suc­cess and there is no good rea­son to sup­pose that we would be un­able to con­tinue that tra­di­tion af­ter Brexit. David Spencer

Ep­som, Sur­rey

SIR – It is to be ex­pected that Mark Car­ney would warn of prob­lems in the event of a no-deal Brexit, but his duty must also ex­tend to con­sid­er­ing the prob­lems of stay­ing in the EU in a sim­i­lar worst-case sce­nario where the euro fails, ul­tra Right-wing gov­ern­ments take power in mem­ber states and a num­ber of the poorer coun­tries fail to meet their in­ter­na­tional fi­nan­cial obli­ga­tions. Peter R Plail

North­wich, Cheshire

SIR – Was Mark Car­ney given an ex­ten­sion of his po­si­tion as Gover­nor of the Bank of Eng­land so that he could head up Project Fear Mark Two?

For­tu­nately, he has zero cred­i­bil­ity af­ter his ear­lier warn­ings of eco­nomic col­lapse and mass un­em­ploy­ment should the elec­torate vote for Brexit. Noel Bap­tiste

Mil­ford-on-sea, Hamp­shire

SIR – It was pleas­ing to read (Busi­ness, Septem­ber 14) that Mark Car­ney will be el­i­gi­ble for a peer­age fol­low­ing adop­tion of Bri­tish cit­i­zen­ship.

His re­cruit­ment was one of the few de­ci­sions Ge­orge Os­borne as Chan­cel­lor got right. Mr Car­ney has brought a qual­ity of in­tel­lect and com­mon sense much de­sired in some­one in charge of our money. Richard Sweet

Pen­clawdd, West Glam­or­gan SIR – What a re­lief to read Mark Car­ney’s pre­dic­tions of doom and gloom fol­low­ing a no-deal Brexit.

We can now rest as­sured that the op­po­site will be the case. Roger Pin­ner

St Neots, Hunt­ing­don­shire

SIR – Mr Car­ney’s pre­dic­tion of a prop­erty price crash in the event of a no-deal Brexit will hurt the banks, with their in­volve­ment in eq­uity re­lease, while glad­den­ing the hearts of those wait­ing to get on the hous­ing lad­der.

Per­haps he is try­ing to bring younger, would-be prop­erty buy­ers be­hind the Vote Leave cam­paign. Ge­orge Gooden

Wood­bridge, Suf­folk

SIR – Brex­i­teers should recog­nise the hard fact that there are still many for whom eco­nomic chaos post-brexit would sig­nify suc­cess; it would prove them right all along. Rosy Dro­han

Marks­bury, Som­er­set

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